RATE Group | Ethereum [ETH/USD] Technical Analysis: Bull and bear clash in the market
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Ethereum [ETH/USD] Technical Analysis: Bull and bear clash in the market

30 Nov Ethereum [ETH/USD] Technical Analysis: Bull and bear clash in the market

Posted at 18:03h in Ethereum News by

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Ethereum [ETH], the third-largest cryptocurrency, has still not regained its second position. The coin, which lost its position to XRP, sprinkled hopes on the investors by glowing green starting this week. Nonetheless, it seems like the bear weather could continue for a longer duration and not end this week.

According to CoinMarketCap, at press time, Ethereum was trading at $116.82, with a market cap of $12.09 billion. The coin had a trading volume of $2.12 billion and had plunged by 5.70% in the past seven days, at the time of writing.

1-hour

Ethereum one-hour price chart | Source: Trading View

Ethereum one-hour price chart | Source: Trading View

In the one-hour chart, the coin demonstrates a downtrend from $143.69 to $123.25. It also pictures an uptrend from $102.01 to $115.72. It has an immediate resistance at $118.16 and a strong resistance at $123.28. The chart shows that the coin has an immediate support at ground at $114.65 and a strong support at $100.89.

Parabolic SAR is currently displaying its support to…

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